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The possible approval of a spot Ethereum ETF this week has sparked a surge in the price of the Ethereum virtual machine-based meme coin, according to data aggregator Defillama. Harry Potter Obama Sonic 10 Inu (BITCOIN) and Mogcoin (MOG) rose 46.8% and 51.7%, respectively.
Wojak and Hemule showed even greater upside, up 66.3% and 89% over the same period. Other Ethereum-based meme coins that posted double-digit returns include Milady Meme Coin (LADYS), Welsh Corgi Coin (WELSH), and lmeow (LMEOW), which grew 40.8%, 23.5%, and 56.5%, respectively.
Pepecoin (PEPE), currently the third largest meme coin by market capitalization, is up 32% in the last 24 hours.
In particular, meme coins in the Base ecosystem have recorded up to triple-digit gains, including Base Pro Shops (BPS) and its 161% daily jump. United Base Postal (UBPS) is also one of the soaring base meme coins, rising 102% during the same period.
In addition to rising 111%, Dog Ski Mask (SKI) has surpassed $1.6 million in trading volume since May 20th. Normie (NORMIE), one of Base’s “gems”, received more investor attention with trading volume of over $9 million. , which triggered a rise of 73.6%.
BRIUN, a misspelling of Coinbase founder Brian Armstrong, also rose significantly, with upside potential of 55.2%.
The recent price rise of meme coins has pushed the overall market capitalization of this cryptocurrency sector to over $62 billion, driven by cryptocurrency categories such as liquid staking tokens, DePIN and decentralized exchange tokens, as well as funds such as DragonFly Capital and Coinbase. of investment portfolio. Venture, Binance Labs.
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